Vizsla Silver Corp (AMEX:VZLA) shares, rose in value, with the stock price down by -5.41% to the previous day’s close as strong demand from buyers drove the stock to $1.40.
Actively observing the price movement in the last trading, the stock closed the session at $1.48. Referring to stock’s 52-week performance, its high was $1.68, and the low was $0.94. On the whole, VZLA has fluctuated by 21.74% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VZLA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VZLA currently trading nearly 10.67% and 8.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.33, while the 7-day volatility ratio is showing 7.33% which for the 30-day chart, stands at 5.43%. Furthermore, Vizsla Silver Corp (VZLA)’s beta value is 2.15, and its average true range (ATR) is 0.07.
A comparison of Vizsla Silver Corp (VZLA) with its peers suggests the former has fared considerably weaker in the market. VZLA showed an intraday change of -5.41% in last session, and over the past year, it shrunk by -10.83%%.
Data on historical trading for Vizsla Silver Corp (AMEX:VZLA) indicates that the trading volumes over the past 10 days have averaged 0.57 million and over the past 3 months, they’ve averaged 495.22K. According to company’s latest data on outstanding shares, there are 207.94 million shares outstanding.
Nearly 11.04% of Vizsla Silver Corp’s shares belong to company insiders and institutional investors own 29.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.61 million shares as on Mar 15, 2024, resulting in a short ratio of 1.2. According to the data, the short interest in Vizsla Silver Corp (VZLA) stood at 0.26% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.44 million. The stock has risen by 12.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VZLA stock heading into the next quarter.
